NEW YORK (

TheStreet

) --

LDK Solar Company

(NYSE:

LDK

) hit a new 52-week low Wednesday as it is currently trading at $3.28, below its previous 52-week low of $3.33 with one million shares traded as of 12:15 p.m. ET. Average volume has been 4.3 million shares over the past 30 days.

LDK Solar has a market cap of $460 million and is part of the

technology

sector and

electronics

industry. Shares are down 65.8% year to date as of the close of trading on Tuesday.

LDK Solar Co., Ltd., together with its subsidiaries, engages in the design, development, manufacture, and marketing of photovoltaic (PV) products; and development of power plant projects. The company has a P/E ratio of 1.1, below the average electronics industry P/E ratio of 1.2 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates LDK Solar as a

sell

. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, generally weak debt management, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full

LDK Solar Ratings Report

.

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